Flash News

Connecticut sued Kalshi for cessation of business

According to Jovy Dedaj, the Chief Litigator of Kalshi, the State of Connecticut brought an action against Kalshi, a predictive market platform, for immediate cessation of its operations in the State, but the State did not take the same measures with respect to other forecast markets that were still operating locally. According to Jovy Dedaj, this situation reflects inconsistencies in law enforcement at the state level and involves jurisdictional disputes between the forecast market between state-level lottery regulation and the federal regulatory framework。

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